OIKN Records 421 Investment Initial Commitments As Of July 2024

The Capital Authority of the Archipelago (OIKN) ensures that investment in the Capital City of the Archipelago (IKN) continues. This can be seen from the growing investment interest letter or letter of intent (LoI).

OIKN Deputy for Investment and Funding Agung Wicaksono said that currently LoI IKN's position has reached 421 letters.

"Now there are 421 (LoI) numbers," said Agung when met at the PUPR Ministry office, Jakarta, Friday, July 12.

As for May 28, 2024, OIKN reported that LoI's total is 407. This means that the investment interest letter position has increased by 14 LoI over the past month.

Agung explained, out of a total of 421 LoI, 45 companies are pioneer investors.

"Investors are pioneers, right, 45 companies so far," he added.

Even so, Agung did not explain in detail how many investment interest letters have now been processed. He was also reluctant to explain how many LoI targets were targeted by OIKN in the near future.

Previously, the IKN investment target set by the government by the end of 2024 reached IDR 100 trillion. Meanwhile, until June 2024, the investment value in IKN was reported to have reached IDR 51.35 trillion.

This means that the IKN Authority still needs to bring in an investment of IDR 48.7 trillion in the last 6 months to achieve this year's investment target.